UKIP's MEP for Wales, John Bufton, says Welsh taxpayers will still lose out despite the approval of more than €2bn of European aid. He said:
– John Bufton MEP, UKIP
Signing over such a huge amount of money to the EU is a disastrous move, not least for taxpayers in Wales who will undoubtedly be left hugely out of pocket once again.
In the last funding period, Wales’ taxpayers paid £1.65 for every £1 received back in structural and cohesion funding and under this new EU budget we are likely to see more of the same.
Cohesion funds constitute 34% of the EU spending budget which means we are talking about €325 billion over the next seven years – this figure should really get people thinking about the extortionate cost attached to our membership of the EU.